University of Chicago - Cap and Gown Yearbook (Chicago, IL)

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tiEvery era of the University has its special problems and when I became Chancellor I found some which required priority of consideration. HIn common with other urban univertities, the Uni- versity of Chicago was confronted with the problem of encroaching blight. If the University was to exist, that threat had to be removed. It has been removed, and we now have assurance of a stable community in which the University will have the environment essential to its life and activities. KtAnother goal I set myself was to stabilize the flnan- cial affairs of the University. This involved bringing its annual budgets into close balance even while in- creasing faculty salaries and it also required substantial additions to our capital funds for endowment and ex- pansion of our physical plant. ttThe campaign of 1955-58 and the activity it enw gendered led to the addition of large sums to our en- dowment, a real increase in the level of our faculty

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Headline of the year: The Chancellor resigns On Tuesday, March 29, Chancelior Kimpton an- nounced his resignation. With the spring quarterJ then, the ttKimpton Era? became, as the Mama?! redundantly observed, Ha. fixed time period, bound by dates at both ends? Though reportedly under consideration for a number of months, the action came as a surprise to trustees, faculty, students, and press. Their expressions of shock, amazement, disappointment, and, in some quarters, re- lief have been adequately chronicled elsewhere. Similar- ly, reviews of Kimptonk reign as well as evaluations of it are better left to more formal and Olympian publica- tions. Whether he is ultimately deemed to haVe ied the University through an interlude 0f pregress 0r regres- sion, of true accomplishment or superficial englistening, it is certain that he will be remembered as a man of pur- pose, accomplishment, and sincerity. The words and pictures of the day of resignation enforce this conclu- s10n. . . .

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salaries, and a needed expansion in our physical facili- ties. Our budget for the year 1960761 is in balance. HNine years ago our professional schools, with the brilliant exception of Medicine, demanded improve- ment. The rise of the Law School and of the Graduate School of Business has been spectacular. There has been a solid strengthening of the School of Social Service Administration and the Federated Theological Faculty. We have added the Graduate School of Edu- cation so that the University can meet its obligations to the primary and secondary school systems of the country. IrOur college had the best-conceived undergraduate education in the country, but its lack Of articulation with the basic structure of American education had created a number of difhculties. It also tended to be isolated from the rest of the University. The College has been reorganized in a series of gradual steps, so that it is better related within and without the Univerr sity, without sacrifice of its unique educational ele- ments. nThe four divisions of the University, in which our research and graduate training are centered, were strong in 1951 and they are strong today. The Univer- sity has continued to attract and encourage the best scholars and scientists by paying them well, providing them with excellent facilities, and maintaining the Uni- versityh unrivalled spirit of freedom. ttI am proud of this record and I am deeply grateful that I was given the opportunity nine years ago to undertake the leadership of this University. No other University in the country has our combination of a. board of trustees that is so courageous, cooperative, and academically concerned; a faculty who deeply be- lieve in the Universityis destiny; and a loyal and intel- ligent alumni body. I owe a deep debt also to the people of the community, who stuck it out with us in good times and in bad.